PASADENA, Calif. - CWM Mortgage Holdings Inc. announced unaudited earnings of $13.5 million, or 33 cents a share, for the third quarter. The increase in share earnings was 27%. For the nine months ended Sept. 30, earnings were $35.7 million, or 91 cents a share, representing a 54% increase over earnings per share for the same period a year earlier.

The board of directors declared a cash dividend of 33 cents a share for the quarter, payable Dec. 1 to shareholders of record of Oct. 27. The company paid a cash dividend of 26 cents for the comparable quarter in 1994.

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